Mica Redd Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13339796

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		8,136		-
Tangible Assets	5		619,555		514,682
Investment Properties	6		7,662,452		7,059,263

			8,290,143		7,573,945
CURRENT ASSETS
Debtors	7	11,452		33,710
Cash at bank and in hand		276,498		55,588

		287,950		89,298
Creditors: Amounts Falling Due Within One Year	8	(9,808,191 )		(8,373,034 )

NET CURRENT ASSETS (LIABILITIES)			(9,520,241 )		(8,283,736 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,230,098 )		(709,791 )

NET LIABILITIES			(1,230,098 )		(709,791 )

CAPITAL AND RESERVES
Called up share capital	9		400		400
Profit and Loss Account			(1,230,498 )		(710,191 )

SHAREHOLDERS' FUNDS			(1,230,098)		(709,791)

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Mica Redd Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

S Reddington

Director

22nd December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mica Redd Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13339796 . The registered office is Unit 13 E, 92 Burton Road, Sheffield, S3 8BX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Plant & Machinery	25% Straight Line
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	25% Straight Line
Computer Equipment	25% Straight Line

2.6. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 4)

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Mica Redd Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	-
Additions	8,796

As at 31 December 2024	8,796

Amortisation
As at 1 January 2024	-
Provided during the period	660

As at 31 December 2024	660

Net Book Value
As at 31 December 2024	8,136

As at 1 January 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	1,569	252,856	25,000	419,887
Additions	-	36,363	216,780	53,895

As at 31 December 2024	1,569	289,219	241,780	473,782

Depreciation
As at 1 January 2024	-	66,748	5,822	129,553
Provided during the period	-	68,387	23,713	109,160

As at 31 December 2024	-	135,135	29,535	238,713

Net Book Value
As at 31 December 2024	1,569	154,084	212,245	235,069

As at 1 January 2024	1,569	186,108	19,178	290,334


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	22,987	722,299
Additions	5,421	312,459

As at 31 December 2024	28,408	1,034,758

Depreciation
As at 1 January 2024	5,494	207,617
Provided during the period	6,326	207,586

As at 31 December 2024	11,820	415,203

...CONTINUED

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Mica Redd Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	16,588	619,555

As at 1 January 2024	17,493	514,682

6. Investment Property

	2024
	£
Fair Value
As at 1 January 2024	7,059,263
Additions	603,189

As at 31 December 2024	7,662,452

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2024	2023
	£	£
Cost	7,662,452	7,059,263

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,000	24,520
Due after more than one year
Other debtors	9,452	9,190

	11,452	33,710

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	331,906	20,960
Other creditors	9,476,285	8,352,074

	9,808,191	8,373,034

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	400	400

10. Related Party Transactions

Included within Other Creditors are loans from related parties amounting to £9,247,346 (2023: £8,117,646). These loans are unsecured, interest free and repayable on demand.

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